Stock Price is Reflective of PotentialAecon suffers the problem that plagues Churchill. It is run by people that do not understand construction very well. They made a failed attempt at creating a construction conglomerate of disparate companies that do not have any synergy potential. Buying a bankrupt company such as Cow Harbour is idiotic. Construction is about the quality of the people, not the equipment. The same people that drove the company into the ground are still around.
It is time these public construction companies are staffed with professional construction people who understand the business and not MBA's or oil-field retreads who try to paste together conglomerates instead of building quality construction companies that strive for excellence.
I am glad to see they have invested in a Calgary office. You cannot grow this business by slashing overhead and capacity, even in downtimes.